Singapore’s industrial real estate sector remained resilient in Q2 2025, supported by growth in trade-related sectors such as wholesale, retail, and transportation & storage. However, vacancy rates rose due to a notable increase in new supply.
Key insights include:
- The JTC All Industrial rental index marked its 19th consecutive quarterly increase, rising 0.7% QoQ in Q2 2025, up from 0.5% in Q1.
- Rental growth was positive across all segments, led by the multiple-user factory and business park segments.
- Industrial occupancy declined marginally to 88.8%, reflecting the impact of new completions.
- The price index grew by 1.4% QoQ, slightly slower than the 1.5% growth in Q1, reaching its highest level since Q4 2015, implying a 26.9% increase from its last trough in Q3 2020.
